Associate/VP - Quant Strategist, Global Sustainable Finance

Bank of America; New York (NY); On-site; USD 80,000 - 130,000; Full time

Job summary

An established industry player is seeking a talented individual to join their Quantitative Strategies and Data Group. This role focuses on conducting quantitative analytics and modeling projects, with a primary goal of enhancing banker workflow through automation and modern technologies. The ideal candidate will possess a Master's degree in a quantitative field and have experience in financial markets. Join a team dedicated to driving responsible growth while making a significant impact in the financial sector. This is a unique opportunity to thrive in a high-performance environment and contribute to innovative solutions.

Qualifications

• Master’s degree required, preferably in quantitative fields.
• Experience in front office roles is a plus.

Responsibilities

• Conduct market risk stress testing and analyze results.
• Support model development and risk management processes.
• Lead projects to improve workflow efficiency.

Skills

Quantitative Analysis

Statistical Analysis

Financial Engineering

Communication Skills

Process Automation

Education

Master's Degree in Quantitative Field

Equivalent Work Experience

Tools

Generative AI

Job description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

• The role is in the Quantitative Strategies and Data Group (“QSDG”), which leverages models, data, and analytics to develop and deliver impactful solutions to Global Markets.
• This particular position is aligned with the Global Sustainable Finance Group (“GSFG”) within Global Markets, located in Midtown NYC.
• The primary goal of this role is to improve the efficiency of the banker’ workflow by leveraging analytics, automation and modern technologies including Generative AI.

Responsibilities:

• Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
• Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
• Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
• Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
• Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
• Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
• Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

Key Responsibilities:

• Partner with GSFG business, control functions, quants and technology teams on process automation and enhancement initiatives, adoption of modern analytics and technologies.
• Integration of data-driven insights to help identify business opportunities, enhance client dialogue and support deal execution.
• Identify workflow and process optimization opportunities, onboard / build tools for efficiency improvements, and enhance reporting frameworks.
• Lead multiple projects with precision, ensuring timely execution and effective communication with stakeholders.

Skills:

Master’s degree or higher in a quantitative field, a financial engineering or expertise in handling large data sets are preferable.

• Prior experience working in front office is preferable.
• Excellent communication skills with the ability to explain complex issues in an intuitive way.
• Ability to navigate shifting priorities and business needs, manage competing deadlines, and thrive in a high-performance environment.

Minimum Education Requirement: Master’s degree in related field or equivalent work experience

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please contact us by calling 1.877.760.2076. This is a dedicated line designed exclusively to assist job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.

Please note: Messages left for other purposes such as following up on an application or non-disability related technical issues, will not receive a response.